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Bigger size resale HDB or EC?

We are staying in a 3-room HDB which is due for MOP soon. What kind of house should we proceed next?

We are considering 3-bedder EC, those within our budget is only 900+/-sqft, or HDB EM, which in market now are mostly 30yrs old, certainly a bigger space but fear depreciation when we sell next time.

We are looking for:
1) At least a 10 year stay
2) Enough space for 3 adults, 3 children (at least 3 bedders, hopefully more than 1200 sqft)

We are able to afford a 700-800k EC, but it can be quite a stretch financially, also the size puts me off. Understand EC should be a safer option if we were to sell in 10yrs time. Whereas a 500k-600k EM would give us some "breathing space" financially and we really need the space as well. It's a dilemma.

Would appreciate kind advises.

Thanks.
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5 Answers

Good afternoon,

May I know the locality you are looking at? A newer EC purchase from developer has better prospects to protect your wealth as its likely to appreciate by the time you sell, as its newer and more likely to appeal to more resale groups. Have you considered older resale private property too? It also depends on the financial plan and your comfort level towards monthly mortgage, happy to share more if I could have more figures and better understanding of your plan.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng Realtor ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

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Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

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We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More
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Hi, moving forward a HDB is not deem as an investment asset but just a roof over our head. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Robbie Chen Chee Howe
Hi,

Judging from your statement, I believe you already know all the pros and cons of purchasing an EC vs a resale EM. I shall not dwell on this further.

What I wish to highlight and assure to you is that, there is no right and wrong decision here. Do not be stressed over your next purchase, as buying a house should be a happy event and stress-free.

Ultimately, only you yourself will know what is the best for your family, and nobody can make this decision for you. End of the day, I trust that you will make the right decision for your family.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Hi;

Perhaps you would like to meet up and discuss further.. As its almost impossible to advise you through writing as im sure you will have questions or objections along the way which you would want to us address .. I have successfully helped many families in assest progression and restructuring their property portfolio. Do feel free to contact me for further discussions.

Rgds;
Lyna Song,PropNex
Associate Group Director
 9623-8442 
lynasong@hotmail.com Read More
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